Which of the Following Are Included in a Decedent's Taxable

question 10

Multiple Choice

Which of the following are included in a decedent's taxable estate?

• A) Real property owned by the decedent and included in the probate estate.
• B) Proceeds of a life insurance policy on the decedent's life if the decedent owned the policy.
• C) An individual retirement account owned by the decedent and payable to the beneficiary named in the account.
• D) All of these choices areincluded.

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Definitions:

Vena Cavae

The two major veins (superior vena cava and inferior vena cava) that carry deoxygenated blood from the body back to the heart.

Cisterna Chyli

A dilated sac at the lower end of the thoracic duct into which lymph from the intestinal trunk and two lumbar lymphatic trunks flows.

Thoracic Duct

The main lymphatic vessel that drains lymph from the lower and left side of the body into the circulatory system.

Lumbar Trunks

Large lymphatic vessels in the lumbar region of the body that drain lymph from the lower limbs, abdominal wall, and pelvic organs.